EPAM Stock Is Down 15% This Past Year — But This Fund Is Betting $146 Million on a Turnaround
EPAM’s latest results suggest its long slump may be out of sync with its fundamentals — here’s why a major hedge fund just doubled down.New York City-based Senvest Management significantly increased its stake in EPAM Systems during the third quarter, adding 524,798 shares and seeing the overall position value increase by approximately $67.6 million.What HappenedSenvest Management reported a substantial increase in its holdings of EPAM Systems (EPAM +3.00%), according to a Securities and Exchange Commission ...